Middle East

ADQ, Bank Audi sign definitive agreement to acquire 96 percent of Odea Bank

This move would accelerate Odeabank’s growth and drive tech advancements in financial services

Middle East sustainable bond issuances hit $16.7 billion in first nine months of 2024: S&P

Total volume of sustainable sukuk globally reached $7.1 billion in the first nine months of 2024, down 11 percent year-on-year

UAE, global gold prices up as investors await U.S. retail sales data

U.S. dollar index and Treasury yields dipped, making bullion more attractive to other currency holders

Oil prices recover modestly amid Middle East stability concerns, weak demand

Brent crude futures for December delivery rose zero point four percent to $74.55 per barrel

UAE Stands with Lebanon campaign raises over $29.9 million in first week

The UAE pledged $100 million in aid and $30 million for Lebanese refugees in Syria

AWS and e& sign $1 billion agreement to enhance cloud solutions, support AI for digital transformation

The focus will be on cloud services like storage, computing, networking, cybersecurity, and AI/ML advancements

Gitex Global 2024: Khalifa Fund launches AI platform to enhance operational efficiency, transform public services

The platform aims to improve government solutions for better service delivery and adaptability

Saudi Arabia, Egypt ink maritime connectivity agreement to enhance passenger transport and expertise exchange

The collaboration areas include yacht and marine passenger transport, plus passenger ferries

UAE, global gold prices down on stronger U.S. dollar

Traders are currently pricing an 88.2 percent chance of a 25-basis-point cut in November

Dubai Cares partners with UAE Stands with Lebanon initiative to deliver urgent humanitarian relief amid the ongoing crisis

This collaboration aims to mobilize the UAE community to raise vital funds for emergency relief

Oil prices decline as demand forecast weakens, supply concerns subside

Brent crude futures fell by $2.27 to $75.19 per barrel

Sheikh Mansoor bin Mohammed visits ‘UAE Stands with Lebanon’ campaign center at Expo City Dubai

The campaign, which started last Tuesday, will run until Monday, October 21